FY11 Financial Report

We had a positive cash flow for the year, grew from 61 to 109 members over the year, and saw 90% of the 2009-2010 members renew for this year.

Donations to the branch increased to $323.87 (from $173.79 from individuals in FY10), with 11 members making contributions. [This is in addition to the amounts that members send to AAUW Funds and AAUW of North Carolina.]

We enter our third full year on a sound financial footing, with a budget that plans to devote financial resources to advancing the mission.

Note: The report was updated on August 12 to clarify the status of the membership credits at the beginning and end of the year. We earned two credits in 2009-2010 (shown as $98 restricted asset on 6/30/2010 and corresponds to the $98 credits cashed during the year). We have earned five credits (two that must be used for new members) during 2010-2011. This will have an effect on the FY12 budget which was based on an assumption of three credits.)

2 responses to “FY11 Financial Report”

This report has not been reviewed by anyone other than the treasurer. Once the July bank statement is received and all figures can be verified, we’ll be looking for someone to check the records against this report, and will post the results here (and/or modify the above report). If you have questions, please contact me.

Thanks to Kay White for her review of the records. Her letter has been forwarded to the Branch Action list. If you’d like to be involved in the “work” of the branch, please subscribe to that list — see the link in the sidebar under “subscribe for more info” or check it out here: http://groups.google.com/group/aauw-tar-heel-branch-action